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Economy and Taxes (27)
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Results in Economy and Taxes from the past 5 years


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California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We focus instead on each group ’s 10 th percentile hourly wages. For Low-Wage Workers, Gender Wage Gap Around 5  Percent to 10  Percent. As shown in Figure  4, we estimate the wage gap between California ’s male and female low-wage workers to be around 5  percent to 10  percent.
https://lao.ca.gov/Publications/Report/4878/3

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - . $10  million of the $60  million would come from unspent funds from the 2023-24 allocation for California Competes grants. Among other objectives, the new round of grants would aim to encourage CHIPS Act projects to locate in California.
https://lao.ca.gov/Publications/Report/4846

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This amount includes $10  million for Federation Internationale de Football Association (FIFA) World Cup security costs, $10  million for Family Justice Centers, and $8  million to the City of Los Angeles for fire engine purchases.
https://lao.ca.gov/Publications/Report/5081/

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Figure  5 shows both the total value of awards made and the amount recaptured for each year of the program. For awards made between 2014 and 2020, the recapture rate is almost 55  percent. This indicates that around half of the net job increases and investments promised in negotiated agreements ultimately never come to fruition or are not maintained long term.
https://lao.ca.gov/Publications/Report/5162

Fixing Unemployment Insurance

Dec 2, 2024 - As Figure  10 shows with some illustrative numbers, this employment tax raises the cost of adding a new employee to a business and that cost is proportionately higher for a low wage worker than a high wage worker.
https://lao.ca.gov/Publications/Report/4943

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Consequently, Visit California has increased its net assets from $20  million at the beginning of 2019 ‑20 to $58  million by the end of 2021 ‑22. Additional State Funding for Marketing Appears Unnecessary.
https://lao.ca.gov/Publications/Report/4529

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - In nine counties, rebates exceeded $5 per resident. In seven others, rebates ranged from $1 to $5 per resident. At the other end of the spectrum, in many counties —mostly less populous counties outside of the state ’s major metropolitan areas —no jurisdictions paid any rebates in 2023-24.
https://lao.ca.gov/Publications/Report/5074

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Roughly 20  percent live with one child, 15  percent with two children, and fewer than 10  percent with three or more children. The numbers for mid-to-high-wage workers are similar. Roughly 10  Percent of Low-Wage Workers Are Sole Breadwinner With Children.
https://lao.ca.gov/Publications/Report/4878/1

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - This change had the effect of accelerating tax collections from 2009 ‑10 into 2008 ‑09, thereby improving the 2008 ‑09 budget condition. As the state ’s fiscal situation continued to deteriorate in 2009, the 2009 ‑10 budget package again changed the quarterly estimated tax payment schedule to collect 70  percent in the first half of the fiscal year and 30  percent in the second, improving the 2009 ‑10 budget condition.
https://lao.ca.gov/Publications/Report/4722